Best of the Week
Most Popular
1. US Housing Market House Prices Bull Market Trend Current State - Nadeem_Walayat
2.Gold and Silver End of Week Technical, CoT and Fundamental Status - Gary_Tanashian
3.Stock Market Dow Trend Forecast - April Update - Nadeem_Walayat
4.When Will the Stock Market’s Rally Stop? - Troy_Bombardia
5.Russia and China Intend to Drain the West of Its Gold - MoneyMetals
6.BAIDU (BIDU) - Top 10 Artificial Intelligence Stocks Investing To Profit from AI Mega-trend - Nadeem_Walayat
7.Stop Feeding the Chinese Empire - ‘Belt and Road’ Trojan Horse - Richard_Mills
8.Stock Market US China Trade War Panic! Trend Forecast May 2019 Update - Nadeem_Walayat
9.US China Trade Impasse Threatens US Lithium, Rare Earth Imports - Richard_Mills
10.How to Invest in AI Stocks to Profit from the Machine Intelligence Mega-trend - Nadeem_Walayat
Last 7 days
How To Time Market Tops and Bottoms - 24th June 19
5 basic tips to help mitigate the vulnerability inherent in email communications - 24th June 19
Will Google AI Kill Us? Man vs Machine Intelligence - 24th June 19
Why are Central Banks Buying Gold and Dumping Dollars? - 23rd June 19
Financial Sector Paints A Clear Picture For Stock Market Trading Profits - 23rd June 19
What You Should Look While Choosing Online Casino - 23rd June 19
INTEL (INTC) Stock Investing to Profit From AI Machine Learning Boom - 22nd June 19
Here’s Why You Should Drive a Piece of Crap Car - 22nd June 19
How Do Stock Prices React to Fed Interest Rate Cuts? - 22nd June 19
Gold Bull Market Breaking Out! - 21st June 19
Post-FOMC Commentary: Delusions of Grandeur - 21st June 19
Gold Scores Gains as Draghi and Powel Grow Concerned - 21st June 19
Potential Upside Targets for Gold Stocks - 21st June 19
Gold Price Trend Forcast to End September 2019 - 21st June 19
The Gold (and Silver) Volcano Is Ready to Erupt - 21st June 19
Fed Leaves Rates Unchanged – Gold & Stocks Rally/Dollar Falls - 21st June 19
Silver Medium-Term Trend Analysis - 20th June 19
Gold Mining Stocks Waiting on This Chart - 20th June 19
A Key Gold Bull Market Signal - 20th June 19
Money Saving Kids Gardening Growing Giant Sunflowers Summer Fun - 20th June 19
Investing in APPLE (AAPL) to Profit From AI Machine Learning Stocks - 20th June 19
Small Cap Stocks May Lead A Market Rally - 20th June 19 -
Interest Rates Square Minus Zero - 20th June 19
Advice for Financing a Luxury Vehicle - 20th June 19
Stock Market Final Blow Off Top Just Hit… Next Week Comes the FIREWORKS - 20th June 19
US Dollar Rallies Off Support But Is This A Top Or Bottom? - 19th June 19
Most Income Investors Are Picking Up Nickels in Front of a Steamroller - 19th June 19
Is the Stock Market’s Volatility About to Spike? - 19th June 19
Facebook's Libra Crypto currency vs Bitcoin: Five Key Differences - 19th June 19
Fed May Trigger Wild Swing In Stock Index and Precious Metals - 19th June 19
How Long Do Land Rover Discovery Sport Brake Pads Last? - 19th June 19
Gold Golden 'Moment of Truth' Is Upon Us: $1,400-Plus or Not? - 18th June 19
Exceptional Times for Gold Warrant Special Attention - 18th June 19
The Stock Market Has Gone Nowhere and Volume is Low. What’s Next - 18th June 19
Silver Long-Term Trend Analysis - 18th June 19
IBM - Watson Deep Learning - AI Stocks Investing - Video - 18th June 19
Investors are Confident, Bullish and Buying Stocks, but… - 18th June 19
Gold and Silver Reversals – Impossible Not to Notice - 18th June 19
S&P 500 Stuck at 2,900, Still No Clear Direction - 17th June 19
Is Boris set to be the next Conservation leader? - 17th June 19
Clock’s Ticking on Your Chance to Profit from the Yield Curve Inversion - 17th June 19
Stock Market Rally Faltering? - 17th June 19
Johnson Vs Gove Tory Leadership Contest Grudge Match Betfair Betting - 17th June 19
Nasdaq Stock Index Prediction System Is Telling Us A Very Different Story - 17th June 19
King Dollar Rides Higher Creating Pressures On Foreign Economies - 17th June 19
Land Rover Discovery Sport Tailgate Not Working Problems Fix (70) - 17th June 19
Stock Market Outlook: is the S&P today just like 2007 or 2016? - 17th June 19

Market Oracle FREE Newsletter

Gold Price Trend Forecast Summer 2019

“I had a dream.” It was 2008 and Barack Obama was elected the 44th President of the United States.

Politics / US Politics May 10, 2009 - 02:41 PM GMT

By: Robert_Singer

Politics

The world is engulfed in a global economic crisis of staggering ferocity rivaling four other financial meltdowns—which all began in the month of October. [1]


VP Biden and former Fed Chairman Paul Volcker don’t remember any time when things went down quite so fast, quite so uniformly around the world. The current crisis looks more like the collapse of the Soviet Union, on October 18, 1991, when Gorbachev signed an agreement forming a new economic community.

The economic stimulus package that President Barack Obama said was needed to create millions of jobs to pull the economy out of recession and "essential to avoid having the worst economic crisis in a generation turn into a catastrophe" isn’t working according to the April 2009 Jobless rate.

Making matters worse: a government "by and for" the American people may not be prepared for the social dislocation, economic despair and breakdown in law and order that is likely to ensue.

April 2009 AP reports a “de-facto” unemployment rate of 15.8%.

The Associated Press in their article, “Layoffs slow to 539K in April”, AP reports both the official unemployment rate of 8.9% and a newly defined “de-facto” rate of 15.8%.

The article goes on to claim the “total number of unemployed now stands at 13.7 million” but that is based on the official rate of 8.9%.

Had AP used the 15.8% unemployment rate would the total number of unemployed be 24.3 million.

No.

The newly defined “de-facto” unemployment rate must not include all the categories of people who are no longer in the labor force, in other words, the under-employed, the marginally employed, the part time job seekers and those who are discouraged and no longer even looking for work.

Data from The McKinsey Global Institute estimates the de facto unemployment rate in the United States would be 22.5%.

Thus, there are almost 35 million, not 13.7 million, or even 25 million Americans who are no longer working or looking for work, and that figure is before the pending collapse even gathers steam. As a byproduct, the big three automakers have been placed on the road to nowhere thanks to decisions made in 1973 [2].

Since there is not enough police, National Guard or military to keep order when 35 million people panic, Barack Obama will restore order by telling his followers standing in lines that this nation, unlike in the past, will put its hands on "the arc of history and bend it once more toward the hope of a better day."

As a president elected in a landslide by young and old, rich and poor, Democrat and Republican, black, white, Hispanic, Asian, Native American, gay, straight, disabled and not disabled, Obama will lead the nation out of its unsustainable American Dream and into a great new depression.

There will be chaos, perhaps, but not anarchy.

Even with evidence to the contrary, Americans believe government is suppose to take care of them because "it's their job." In an environment of homelessness, poverty and suffering, Americans will forget their 60 years of unprecedented prosperity--at the expense of the Third World and the environment, and as propagated by the CIA--and look for someone to blame.

But they won't find a Bush, Clinton or even a Ronald Reagan in Washington. Instead, sitting in the Oval Office will be Barack Obama, a 21st century Martin Luther King, telling us to return to our homes, cars or tent cities. The newest leader will, in fact, be followed because this time Americans believe their voices were heard. We hope and pray Obama wants to put us back to work, reclaim the American Dream and reaffirm that fundamental truth that, out of the many, we and the president are one.

Barack Obama, an unknown senator four years ago, is not one of  "us." He travels in the same circles as other members of the super-secret Skull & Bones society of Yale University who pretend to be running for president every four years. The decision to make Obama Commander in Chief of the collapse was made four years ago; the November election was a formality [3].

To believe otherwise is to ignore the Bradley/Palin effect, the voting machines that flipped ballots before the voter left the booth, and the decision by John McCain to wait until his concession speech to shed the image of a nasty "grumpy old man."

In September, when the Obama campaign seemed to be slumping and their candidate's long-standing lead in the polls had evaporated, the senator's supporters openly worried that a potential victory might be slipping away. Then providence joined the campaign: the failure of the giant investment bank Lehman Brothers followed by a global financial meltdown.

"If there is anyone out there who still doubts that America is a place where all things are possible, who still wonders if the dream of our founders is alive in our time, who still questions the power of our democracy," on Nov. 4, 2008 you received your answer: It did not matter who you voted for because it was already written: Barack Obama would be the President of the United States by a landslide.

Instead of being the most dangerous man in America, the Candidate for Change and Hope will be the most remarkable leader the world has ever seen--intellectual, oratorical, governmental and a genius who will guide us through the greatest calamity the world has ever seen.

Without Barack Obama, the really inconvenient truth is this: The 600 detention centers built by the Halliburton subsidiary KBR do not have the capacity to hold the 35 million Americans who will be out of work, out of home and out of food.

Will they be out of hope?

[1] October Crashes, Black Monday 10/28/1929, Black Monday 10/18/1987, Soviet Union Black Friday 10/18/1991 and Black Tuesday 10/29/2008

[2] 2008 Debate: "It's the economy, stupid" by Robert Singer

[3] 'Why Joseph Biden will be the Next Vice President of the United States' by Robert Singer

 

Robert Singer is an Entrepreneur and the author of a forthcoming book on the Federal Reserve. His articles cover politics and the financial and environmental implications of our consumer society.  The articles have been main headlined and can be found on numerous popular websites: Marketoracle, Silverseek, Goldseek, Daylife, LAprogressive, Canadafreepress, Opednews, Daily.pk and many of the Wordpress sites. Richard Daughty, The Mogambo Guru, proclaimed him a Junior Mogambo Ranger (JMR)

Dem Bones is Connected To De Debt Bone, an analysis of the Federal Reserve, can be found on many highly rated global financial websites including G. Edward Griffin’s Unfiltered News. Edward Griffin is the author of the definitive work on the Federal Reserve, The Creature from Jekyll Island.

Meat, Milk and Motors: The New China Syndrome, an essay about China first released in February 2009 has been widely posted and read on the Internet. Quotes from the article can be found in The Wall Street Journal Digital Network and the essay was the Top World Story on the Pakistan Daily website for a week.

by Robert Singer

Robert Singer is a retired information technology professional and an environmental activist living in southern California. In 1995 he and his cousin Adam D. Singer founded IPC The Hospitalist Company, Inc., where he served as chief technology officer. Today the company manages more than 130 practice groups, providing care in some 300 medical facilities in 18 states. Prior to that he was president of Useful Software, a developer and publisher of business and consumer software for the personal computing industry.

In September of 2008 he wrote his first commentary for OpEdNews about our consumer society. Since then over 20 articles have been published on Opednews, Marketoracle, Silverseek and many other Internet sites.  They cover social, economic and environmental issues facing Americans and the rest of the world in the 21st century.

Many of the articles are also available on his authors page at OpedNews: http://www.opednews.com/author/author20310.html

© 2009 Copyright Robert Singer - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Robert Singer Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules